TOTO
ActiveSummary
TOTO has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €339,951 and a net result of €90,473. Equity is growing by about 18% per year across the filed financial years. Its solvency ranks better than 93% of 4,749 sector peers (NACE 56, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TOTO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit bestuursorgaan in België of buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 12. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Afstand onder levenden noch overdracht wegens overlijden,op straffe van nietigheid, schriftelijke toestemming” (deed in Dutch)“Vorige jaarvergadering,bij gebreke waarde door een of meerdere experts, voorkeurrecht tot overname” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Eerst aan bestaande aandeelhouders naar evenredigheid bezit, inbreng in geld met uitgifte nieuwe aandelen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)